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Economics Minor

Studying economics helps people become business people and well-informed citizens.

What is the minor in economics?

Choosing to minor in economics enables a student to take six economic courses which will explore a variety of social/political/economic issues. Topics ranging from tax and budgetary policy to environmental and international issues are covered in the wide array of courses offered by the department. By taking such courses you will become better informed about important issues and learn to critically evaluate alternative economic policies.

Why pursue a minor in economics?

The minor in economics has advantages for both business majors and non-business majors. Minoring in economics may be a smart move, career wise and academically.

For business majors, the minor in economics provides a liberal arts component to complement the business degree. Many employers are seeking students who can think about business problems in a broader context. They are also seeking students with problem solving and analytical abilities. A minor in economics demonstrates breadth, analytical ability, willingness to take courses that are challenging, and an understanding of the method of a social science.

For non-business majors, the minor in economics is an excellent complement to many majors. Economics is a relevant major for students preparing for a career in business, law, and many other fields who prefer a liberal arts education. The minor in economics provides some of the same background, but with less depth. With proper advisement, a minor in economics can provide the economics prerequisites for an MBA program, or for graduate work in economics.

What kinds of courses will I take?

Business majors already take seven credits of economics. The economic minor requires only eleven additional credits, which can be selected to complement you.

The minor in economics requires you to take Principles of Macroeconomics and Principles of Microeconomics (or Principles of Economics) and additional electives for a total of 18 credits in economics courses. One of these can be used for General Education category D. Many students already have a sequence in economics required as related work, and can complete a minor by taking only a few additional courses.

The minor in economics can be combined with a sequence of courses in business for students who are seeking employment in the business world, but do not want a business major. For example, Fundamentals of Financial Accounting, Managerial Accounting, American Legal Environment, Introduction to Business Computer Systems, Introduction to Management Science, Introductory Statistics for Business and Economics are some appropriate courses available to non-business majors at the lower-division level for students who have taken the prerequisites. Some upper division business courses may also be available to non-business majors. Combining an economics minor with business courses can be your first step toward a lucrative business career.

Whether you are aiming for a business career or not, the minor in economics will help to prepare you for various careers and for graduate school.